Sixth Street Specialty Lending (NYSE:TSLX) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) issued its quarterly earnings results on Thursday. The financial services provider reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.04, Zacks reports. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The firm had revenue of $123.70 million for the quarter, compared to analysts' expectations of $120.07 million.

Sixth Street Specialty Lending Stock Performance

Shares of NYSE TSLX traded up $0.50 during midday trading on Monday, hitting $22.97. 730,751 shares of the stock traded hands, compared to its average volume of 250,707. The firm has a 50-day moving average of $21.60 and a two-hundred day moving average of $21.03. The firm has a market capitalization of $2.14 billion, a P/E ratio of 11.15 and a beta of 1.06. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50. Sixth Street Specialty Lending has a one year low of $19.50 and a one year high of $23.15.

Sixth Street Specialty Lending Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Sixth Street Specialty Lending's previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a yield of 1.22%. Sixth Street Specialty Lending's dividend payout ratio is 89.32%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TSLX shares. Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. Keefe, Bruyette & Woods dropped their price target on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating on the stock in a research report on Thursday, November 7th. LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday. Finally, Wells Fargo & Company upped their price objective on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Sixth Street Specialty Lending presently has an average rating of "Moderate Buy" and an average target price of $22.33.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending, Inc NYSE: TSLX is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.